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INCOME TAX - FOREIGN EARNED INCOME EXCLUSION - EFFECT
OF THE ECONOMIC RECOVERY TAX ACT OF 1981 ON CITIZENS OR
RESIDENTS OF THE UNITED STATES LIVING ABROAD.
The foreign earned income exclusion is one section of the Economic
Recovery Tax Act of 1981 which, in its entirety, is designed to pro-
vide the largest tax reduction in United States history. In drafting
the 1981 Act, Congress intended to upgrade the nations industrial
base, stimulate productivity and investment throughout the
economy, lower tax burdens on individuals and businesses, and
restrain the growth of the Federal Government. The foreign earned
income exclusion specifically is designed to encourage Americans
to work abroad to help promote the export of U.S. manufactured goods
and services.
The Economic Recovery Tax Act of 1981 includes a number of
substantive revisions of United States taxation of foreign earned in-
come. A taxpayer may exclude a certain amount of foreign earned
income from his taxable gross income. The ceiling amount for the ex-
clusion is $75,000 in the taxable year 1982, and increases by $5,000
each year until a maximum exclusion of $95,000 earned income is
reached in the taxable year 1986.1 In addition to the earned income
exclusion, Congress allowed that housing costs provided or paid by
an employer be excluded from gross income and that expenses paid
by the employee be deducted in computing adjusted gross income.
The housing exclusion is an amount equal to the excess of the rea-
sonable cost of housing The 1981 Act makes it clear that such hous-
ing expenses shall not be reasonable if they are lavish or extravagant.8
The deduction for housing expenses paid by the employee
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